The official blog for singer, writer, director and human rights advocate Aisha and her affiliated web sites.

Saturday, November 7, 2015

Obama Sends American National Debt Up $339 Billion Dollars In One Day

Who Is Going To Pay For All
That

Barack Obama

This is a continuation of the article "Obama
Doubled America's National Debt To Unsustainable Levels."
This past Monday, U.S. President, Barack Obama, sent the
national debt up by $339 billion dollars in one day. This unwise
financial spending is going to further damage the U.S. economy.
Where other nations have turned to austerity (for a time) and
seen financial turnarounds for the better, the Obama
Administration is inexplicably spending America into a massive
financial hole.

The economy has not recovered from the George W. Bush years
and the 2008 financial crisis that caused widespread damage. It
would have been more prudent to make cuts, not go on a 7-year
spending spree. I am still of the belief 1+1=2. Math when done
correctly works. To disregard and discount established economic
precedent, regarding world governments and global nations, in
favor of fluke, flaky spending on unnecessary items, is to
financially imperil a country and put it at a disadvantage.

STORY SOURCE

Debt ceiling lifted, and the
same day, debt jumps $339B

11/3/15 4:25 PM - The U.S. national debt jumped $339 billion
on Monday, the same day President Obama signed into law
legislation suspending the debt ceiling. That legislation
allowed the government to borrow as much as it wants above the
$18.1 trillion debt ceiling that had been in place. The website
that reports the exact tally of the debt said the U.S.
government owed $18.153 trillion last Friday, and said that
number surged to $18.492 on Monday.

The increase reflects an increasingly common pattern that can
be seen in the total U.S. debt level when the debt ceiling is
reached. At the end of 2012, for example, the government hit the
debt ceiling, and the Treasury Department was forced to use
"extraordinary measures" to keep the government afloat until the
ceiling could be increased again. Those measures included
decisions to delay issuances of certain debt instruments...